" ... Jamie Dimon said strong consumer savings, expanded vaccine distribution and the Biden administration’s proposed $2.3 trillion infrastructure plan could lead to an economic 'Goldilocks moment' —fast, sustained growth alongside inflation and interest rates that drift slowly upward." - Orla McCaffrey, The Wall Street Journal, April 7, 2021.
Obviously, the implications for law firms are huge.
Litigation practices, hit hard during COVID, could bounce back. Corporations could decide to go forward with "elective" lawsuits.
Investments can be made in growth. Those inititaives could range from hiring laterals to merging with other firms. Law.com reports more law firms have been looking into mergers.
Options will open up for Millennials who are dissatisfied with the values of BigLaw. They can join boutiques or even go solo.
As for law schools, yes, the high salaries of lawyers can continue attracting applications. Also, the Biden Administration's focus on regulation and prosecution could showcase how much influence lawyers have.
However, there is a historical pattern that in boom economic times youth tends to go out there and seek work. Not more higher education.
Yes, place your paid sponsored content on this blog. Affordable rates. Please contact Jane Genova at janegenova374@gmail.com.
Comments